Fat Pitch Financials Portfolio Update

I’m a little behind on updating you on the performance of the Fat Pitch Financials Portfolio.  Let me quickly update you on how my virtual portfolio did in May.

Last month, the Fat Pitch Financials Port returned 1.48%.  The S&P 500 returned 3.22% over the same period, so I trailed the index by 1.73%.  I’ve basically been trailing the index since the beginning of the year.  I’m a bit dissapointed but the feedback also inspires me to search a bit harder for new value opportunities.

No new transactions were recorded in May. The portfolio current holds the following stocks:

  • Unilever PLC (UL)
  • Merck (MRK)
  • Microsoft (MSFT)
  • Pfizer (PFE)
  • USG (USG)
  • Broadridge Financial Solution (BR)
  • Western Union (WU)

Western Union is my poorest performing position with only a 2.75% total return as of May 31, 2007.  That means that all my positions are in the green.

My returns since inception were 32% at the end of May and my annualized rate of return is reported as 10.92% according to Marketocracy.  When I checked today, I noticed that my portfolio is down 2% this past week.  This has dropped my annualized rate of return down to 10.16%.

One thing to note is that I still have $319,488.10 in cash out of this $1,303,475.10 (as of June 6, 2007) portfolio.  If the current market decline continues, I will likely add a few new positions.  There are a few stocks that I have been watching that I hope to pick up if they go on sale.

In order to help you keep up with my investment performance, I’ve discovered a way to place daily FPF Port statistics on the sidebar of this value investing blog.  Keep an eye out for this new feature.  I also plan on doing something similar for the Special Situations Real Money Portfolio if I get all the details worked out.

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